8-K
Bel Fuse Inc /Nj (BELFA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 30, 2020
BELFUSE INC /NJ
BEL FUSE INC.
(Exact Name of Registrant as Specified in its Charter)
| New Jersey | 0-11676 | 22-1463699 |
|---|---|---|
| (State of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| 206 Van Vorst Street, Jersey City, New Jersey | 07302 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: (201) 432-0463
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of Exchange on Which Registered |
|---|---|---|
| Class A Common Stock ($0.10 par value) | BELFA | Nasdaq Global Select Market |
| Class B Common Stock ($0.10 par value) | BELFB | Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 8.01 OTHER EVENTS.
On October 30, 2020, Bel Fuse Inc. (the "Company") issued a press release announcing the appointment of Sherry Urban as the Company's Vice President of Human Resources. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 Press Release of Bel Fuse Inc. dated October 30, 2020.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 4, 2020 | BEL FUSE INC. |
|---|---|
| (Registrant) | |
| By: | /s/Daniel Bernstein |
| Daniel Bernstein | |
| President and Chief Executive Officer |
EXHIBIT INDEX
| Exhibit No. | Description |
|---|---|
| 99.1 | Press release issued by the Company, dated October 30, 2020. |
| --- | --- |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
ex_158500.htm
Exhibit 99.1
 |
FOR IMMEDIATE RELEASE | Bel Fuse Inc.<br><br> <br>206 Van Vorst Street<br><br> <br>Jersey City, NJ 07302<br><br> <br>www.belfuse.com<br><br> <br>tel 201.432.0463<br><br> <br>fax 201.432.9542 | |
|---|---|---|---|
| Investor Contact:<br><br> <br>Darrow Associates<br><br> <br>tel 516.419.9915<br><br> <br>pseltzberg@darrowir.com | Company Contact:<br><br> <br>Daniel Bernstein<br><br> <br>President<br><br> <br>ir@belf.com |
Bel Appoints Sherry Urban VP of Human Resources for Bel Fuse Inc.
JERSEY CITY, NJ, October 30, 2020 - Bel Fuse Inc. (“Bel,” or, “the Company”) (Nasdaq:BELFA and Nasdaq:BELFB), a leading supplier of products that power, protect and connect electronic circuits, today announced that Sherry Urban, a seasoned HR manager with over 30 years of corporate HR experience, has been appointed VP of Human Resources for Bel Fuse Inc. She is a certified member of HRCI and is also active with SHRM, a Washington-based think tank for HR professionals.
Ms. Urban had been Director of HR for Cinch Connectivity and Bel Power Solutions, since 2014, when she joined the company through Bel’s acquisition of Emerson Network Power Connectivity Solutions from Emerson Electric, where she was Director of Human Resources since 2007. Prior to that she had been with Stratos Electric since 2000, also as Director of Human Resources, through its acquisition by Emerson Electric. Prior to that she was Manager of HR for Methode Electronics going back to 1987 She earned a BA in Human Resources Management at DePaul University in Chicago.
Dan Bernstein, Chief Executive Officer of Bel commented, “Sherry has been an exemplary associate for us since coming over to us with the Emerson Network Power acquisition. She’s a team player that is committed to the highest standards in her field and we are fortunate to have her. We look forward to her continued dedication to implementing world class programs here for Bel in its entirety in recruiting, training and development, safety, ethics, and other strategic and ground-level HR issues going forward.”
About Bel
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel's product groups include Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components), Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), and Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies). The Company operates facilities around the world.